This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of drugs targeting neurological disorders. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its role in material science is also notable, as it aids in the development of advanced polymers and coatings with enhanced properties.